If you have been squirreling away this is great, you won’t need to borrow, however if you’re disciplined you could still consider using a credit card to pay for your purchases to get section 75 protection.

Section 75 protection means your credit card provider is equally liable if things go wrong meaning they can help you get your money back if your goods cost over £100.

0% purchases cards: These credit cards let you borrow interest free for a certain number of months which is great if you haven't saved enough and they can help you spread the cost of Christmas.

You still need to keep up with your monthly payments and make sure you can pay off the card in full before the end of the interest free period.

If you take one out make a note in your diary to make sure you’re all paid up before the interest kicks in.

Rewards credit cards: If you have the money to pay for Christmas upfront but want the reassurance of Section 75 protection then a rewards credit card could be a good choice.

These cards offer you different benefits depending which you go for like supermarket or Avios points or even cash back.

They are only a good choice if you know you will be able to pay off your balance in full at the end of each month.